Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-08-09
THE 0. v. PROPOSITION.
To bs Voted on In the Hopkins
vile Magistorial District
August 20.

In re of subscription to
the Ohio Valley Rail-
way Co., by Hopkins ORDER.
vile Magisierial Dis
irlct.
The Ohio Valley Railway Compa-
ny, formally appeared by its attorney,
j. f. Clay, and filed tspetition which
reads in words and figures as follows,
to-wit:
To THE COUNTY CoURT OF CHRISTIAN
| COUNTY. KENTUCKY:
The Ohio Valley. Railway Compa-
ny, formerly the South Kentucky
Railroad Company, chartered by an
act of the General Assembly of the
Commonwealth of Kentucky, ap.
proved 18th day of March 1871, and
the several amendments thereto, by
order of its Board of Directors, re-
spectfully requests your honorable
Court TO submit to the qualified vo-
:css off wT,his: Is known as tho Hop
kinsvile Magisterial District of
| Christian County, Kentucky, or Civil
District No. | at an election to be held
under and in accordance with the
act of its incorporation, on a day to
be designated by this Court, not more
than sixty (60) days nor less than
thirty (30) days from the date that
said election is ordered, the question
whether or not the said District shall
subscribe one thousand Il ,000) shares
of one hundred (Sl00 dollars each to
the capital stock of the Ohio Valley
Railway Company, oil the following
terms and conditions to-wit:
Condition first: That no part ofthe
amount for said stock shall be due or
payable until a continuous line of rail-
way, of a standard guage, shall be
constructed by said Ohio Valley
Railway Company, from the town of
Princeton, Kentucky, TO the limits OF
the city Of Hopkinsville, Kentucky,
nor until train of cars shall be run
over said railway, nor unless said
railway is constructed on or before
the LIST day of January 1889, provided,
however, that il the Ohio Valley
Railway Company shall, in good
faith, and within reasonable time
after favorable vote on this propo-
sition, begin the construction OF its
road and be prevented by stress of
weather or any extraordinary hap
peniug, from constructing the road
within the time aforesaid, then the
subscription shall not be, therefore,
on that account void, but reasona-
BILE time shall be extended in such an
event beyond the date named, for the
construction of said road as afore-
said;
Condition second: That the Ohio
Valley Railway Company shall un-
dertake and bind itself, on the pay
ment of the money for said Stock, or
on the delivery of the bonds as here
ia after recited. to refund to the Hop
kinsvile Dristrict the amount so
paid on the face value of the bonds
delivered in payment Of its subscrip-
tion, in the event the Louisville "
Nashville Railroad Co. or any success
sor thereof shall obtaiS the possession
and ownership OF said Ohio Valley
Railway Company, within twenty
years from this date, provided, how
ever, that IL the stock of the Hopkins
willie District shall be voted or used
for the purpose Of enabling said Lou
isville 4 Nashville Railroad Compa-
ny TO obtain the possession and own
ership of said Ohio Valley Railway
Company, then this obligation on the
part of the said Ohio Valley Railway
| Company shall cease and determine.
| Condition third: In the event a
favorable vote is had ON this propo-
sitiou, the stock is subscribed and
paid for, the Ohio Valley Railway
Company hereby agrees and binds
itself to give as favorable rates, In
proportion to the distance. to the peo-
pie and shippers of the Hopkinsville
District as it may give TO any other
point on its line between its termini
aud not to make or permit to be made
any unjust discrimination in the mat
ter of freights or passage against the
people of or shippers ofsaid Hopkins
Vile District.
Condition fourth: That in pay
ment of the stock subscribed by said
district, IL shall issue and deposit
with three trustees TO be named In
the order submitting this proposition
bonds of said district for the sum OF
one hundred thousand 100000 90,
dollars, with coupons attached fol
the interest, TO be made payable tc
. said Ohio Valley Railroad Company
T or bearer, due and payable twenty
years after the date of their Usual
with the option on the part of the
| district to redeem the same. at any
time after 5 years from their date
bearing interest at the rate of SIX pei
cent per annum, payable semi-an
Inually, both principle and interes
payable at the banking house O
Latham, Alexander Il Co., in the City
: of New York. Said bonds to be il
denominations of not more than ont
= thousand dollars, nor less than on
hundred dollars each, which salt
bonds shall be held by the trustees
{ to be hereafter named in the order o
n the Court, in trust to be delivered ant
! shall be by them delivered to the sale
Z Ohio Valley Railway Company, wheI
i said railway shall have been con
Z s.ructed as mentioned in condition
one of this proposition, and train o
cars run thereon, and within the tim
J. therein provided, provided, however
that any coupons falling due for in
terest on said bonds before the con
struction Of said road to Hopkins
\, vile as aforesaid, shall be by SAT-
7" trustees detached, marked cancelle,
., and returned 10 the County Court Q